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CNBC
Dec 4, 2012 4:00pm EST
will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that's why we're not seeing prices come down. also, remember the high end was hit the hardest in the housing crash. if you bought your home, your multimillion dollar home five, four, even three years aerks your price has probably come down so much that you're not really looking at any capital gains when you finally do sell this home. >> that's a really good point. it is a small portion of the overall real estate market. >> without a question. >> what are you expecting in terms of pricing? when will we see prices start coming down? >> well, we may see it come down in pockets. for example, the upper east side, there's a lot of devel
CNN
Dec 4, 2012 4:00am PST
republicans are not going to have to vote for them to go up. we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even conceivable you negotiate down the top rates in the level under bill clinton a little bit by putting in the pot offsetting deductions for credits which would allow republicans to claim some sort of victory as well. that could be a scenario where you have a consensus on the tax run. >> let's run all of this by representative xavier becerra of california. he's joining us now. nice to see you, sir 367 appreciate your time. what is really the white house dismiss kind of out of hand i mean i don't have the exact number of minutes that they had this republican
CNBC
Dec 5, 2012 5:00pm EST
to or farther from the fiscal cliff. and doubling down on dividends. we've got an out of the box ets flight that can get you in on the pay day windfall that's taking shareholders by storm. plus, linked-in gets original. the executive editor will reveal why the company's move into original content could be a game changer. we'll get to those trades in a minute. let's get to the top story right away. apple misses the rally. the dow closed at a one month high but the trouble continues for apple posting its worst day in nearly four years. the stock falling back into bear market territory weighing on the nasdaq throughout the entire session in terms of price action, terrible. pretty heavy volumes closing two pennies off the low of the session deep. >> it was terrible. i'm trying to be measured here because i understand how -- >> you don't want to insult apple. >> that's not what we're attempt to go do. we're trying to help them. last night to a person we thought it would go lower. we didn't do that to hurt people, we did it because that's what we felt. with that said, it was not a good day. the f
FOX Business
Dec 4, 2012 4:00pm EST
hyper focused on washington and the fiscal cliff negotiations. at the closing bell the dow is down 14 points. modest losses across the board. that is the latest from the fox business network. giving you the power to prosper our efforts result in ty of care and ice we're able to provide... which means better health outcomes... anmore quality time to share with the onewho matter most. i love you, grandma! [ male announcer ] humana. ♪ liz: every year "inc." magazine comes out with its company of the year and this year it is zumba fitness. citing its business model as a major factor for the success. here with more on the company's growth and future plans, ceo and cofounder alberto pearlman. what a story with entrepreneural twist that is so amazing. you were a dancer at age eight. >> i wasn't a dancer. perez was the dancer. liz: but you know how to dance now. >> a little bit. but that was not the dancer. liz: how did you simply decide this was an idea that could really get going? >> well, i was having dinner at my parents house and my mom was taking his class. the creator of the class.
CNN
Dec 1, 2012 3:00pm PST
the fiscal cliff is serious business. i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> house democratic leader nancy pelosi quickly dismissed boehner's remarks as a negotiating maneuver. >> i think they'll come around. it's a tactic. it's a tactic. >> reporter: you hear a strikingly similar message from other top democratic leaders saying the ball is in the republican's court. >> we are waiting for some specifics somewhere from our republican colleagues to show that they're serious on negotiations. >> reporter: as the country fast approaches the fiscal cliff, the two sides are talking past each other. democrats say they've laid down their marker, hiking tax rates on wealthier americans. and it's up to republicans to propose specific spending cuts they want to entitlement programs. however, republicans say they've offered a concession, putting revenue on the table. and they say it's now up to the president and his fellow democrats to feel some pain and proposed cuts in medicare and medicaid. confusing? we asked harry reid. >> where is
FOX News
Dec 2, 2012 1:00pm PST
the so-called fiscal cliff, but as the clock ticks down to mandatory spending cuts and tax hikes, negotiations to reach a deal look like they are at a standstill. and now, live to washington with the latest. steve? >> that deadline for action could be fast approaching but the two sides do not appear to be in a hurry, instead of negotiating a deal the players spent their unsunday in -- sundy taking their views to the public. speaker boehner appeared on fox news sunday expressing his surprise when geithner laid out the white house plan of action, calling for a new revenue and stimulus spending. >> i was flabbergasted. i have never seen anything like it. we have several weeks between election day and the end of the year and three of those weeks have been wasted with this nonsense. >> for his part, secretary geithner saying the ball is new in the g.o.p.'s court and he says the administration is ready to move forward if republicans agree to raise taxes on wealthy americans and specify their own demands for reducing government spending and he defended the plan that speaker boehner says
MSNBC
Dec 3, 2012 6:00am PST
at an impasse, is it better to go off the fiscal cliff or let congress kick the can down the road and face the same kind of economic hand wringing a year or two from now? the president of the conservative group freedom works joins me now. i know you're in a big conference. there is an interesting coalition, if you will, of very conservative deficit hawks and very liberal deficit hawks, if you will, who might come together and say, you know what, let the country go off the cliff. lack at those five-year projections. isn't this about short term versus long term? what do you say and what do you think your members would say? >> the best thing is to do something our spending problem and barring anything else, doing the automatic cuts that congress promised last year when they raised the debt ceiling would be better than doing nothing. it's separate from the ougautomc tax increase that happens on january 1. our preferred strategy here would be to accept the sequester now knowing that congress is not going to do something more rational. they're not going to take on more fundamental spending refor
MSNBC
Dec 3, 2012 10:00am PST
the fiscal cliff. >> and whether you can back down after that you have been so aaggressive against you. stay tuned. that does it for this edition of "andrea mitchell reports." follow the show online. tamron has as a look at what's next on "news nation." >> great to see you. in the next hour, twitter time with the president. the white house just confirmed president obama will be answering questions on twitter regarding the fiscal cliff orifior fiscal stalemate. we'll get a live report how it works. can he get the ball rolling? congressman karen bass and conk man chris van hollen will join me to talk about where things stand. bob costas bold statement on gun control in the wake of the suicide involving javon belcher. we'll have reaction to it the. john mccain's interesting comment to john kerry at an event that took place a few hours ago. we'll play the exchange, reading any tea leaves. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel m
CNBC
Dec 3, 2012 4:00pm EST
end of the day, down 63 points. more on the republicans' counterproposal on the fiscal cliff coming your way as we get under way with the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. >>> hello, 4:00 on wall street. do you know where your money is? welcome back to "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. happy monday to you. this market beginning the new month lower as the gop today puts out a counteroffer on the fiscal cliff. take a look at how we're finishing the day on the wall street. dow jones under water with decline about 60 point. 12,966. last trade on the index. nasdaq gave up some ground today, to the tune of eight points finishing at 3002 on the session. and the s&p 500 down 6.70 points at 1409. >>> december a historically good month for the markets. the s&p has risen 8 of the past 1 years in the final month of yeert. with fears of the looming fiscal cliff, can the trend continue? we're bringing in mike from yahoo! finance and cnbc and yahoo! have a business alliance to share and co-produce editorial
CBS
Dec 5, 2012 5:30pm PST
. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $40,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary geithner's comments about going over the cliff. the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me-- or do not used words like "curt," "frank" and "direct" m
CNBC
Dec 4, 2012 5:00pm EST
to down about 30. that is primarily because people are worried about the fiscal cliff. we don't think that the outcome is completely negatively priced into the market. that is more or less where we stand on that. i do think that there is a couple of great trends for next year which includes europe with the recovery there as it relates to corporate restructuring and banks selling assets. and we also think that there will be funds like john paulson's recovery fund to do well. >> as we head into the end of the year, is there no chase per performance? is there no pressure on the part of hedge funds to make up for that in the last few weeks of the year? >> there is no question that there is pressure. i think that you saw net long exposure widen out and get into the 50s but with the rhetoric coming out of washington now if you asked me three weeks ago if i thought a deal was going to get done i would have said yes. it does seem like a chicken fight here towards the end. if a deal does not get done that will have a very negative effect on markets. that is our opinion reflected on a lot of th
CNBC
Dec 5, 2012 9:00am EST
't they know about the fiscal cliff? >> they look to be down 10%. >> we'll watch it. as people know in this market, many times the stock price has been going up. we'll keep an eye on this. it may be throwing people. what does it say about copper overall and the price of the metal. >> i worry, by the way, watch energy 21. this is exxi. another company that bought old properties. one of the things that's happening that's driving this, okay, is that there's new technology. american technology that's able to access oil that the big guys have given up on whether it be exxon given up on energy 21 has or bp and it turns out that these fines may have been bigger so pxp takes advantage of the fact there's new technology. pxp is a deal maker but ready to trade because capital gains taxes are going up. could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to ge
FOX News
Nov 29, 2012 10:00am PST
yesterday that spending cuts should be part of these fiscal cliff talks. where it may break down on the part about whether the president will push democrats on capitol hill to go along. it was tuesday that dick durbin said spending cuts, medicare cuts, ets, should not be part of these fiscal cliff cuts. we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report. someone else came to the white house hat must have been an extraordinary moment. mitt romney and obama get together. for me it's awkward that they had the meeting at the white house. was that mean? shouldn't they have don't at a tgif. neutral ground? not to rub his nose in the place that he wanted to live. >> reporter: given romney's finances, -- he came here, he left witho
CBS
Nov 30, 2012 7:00am PST
're not down to the heart of it yet. >> what about those people who say let the fiscal cliff happen? go over the cliff and see what happens and what political advantage we can gain from that? >> i can't imagine -- i can't imagine when it finally gets down to it that rational people would let that happen. i mean, to throw the country into a recession, which you almost would certainly have. to have these draco nian cuts. you would have cuts in the defense department, charlie, for example. they can't cut programs so they have to cut maintenance. they have to cut -- you know, you can't buy gas for the airplanes. that sort of thing. surely, surely we have not sent people to washington who would be willing to let that sort of thing happen. i can't imagine that it will happen in the end. >> bob schieffer, thank you very much. >>> as we mentioned, bob will interview treasury secretary geithner, congressman mike rogers and dianne feinstein sund sunday. >>> to identify one of the winners who will split a record $588 million jackpot. the other winning ticket sold in arizona might be in the hands of a m
MSNBC
Dec 6, 2012 3:00am PST
. >> there you go. it's my fiscal cliff helmet down here in washington. >> oh, understood. >> i love it. let's go through the list. not surprising who is number one? >> a re-elected barack obama back at number one. two years ago we had hu jintao so it is not automatic the president is at the top but with a kind of mini mandate, four more years and the defacto leader of the free world it is a pretty easy selection of number one. >> angela merkel number two. easy to understand. >> europe goes through germany and germany goes through merkel. >> let's talk about vladimir putin coming in at number three. >> yes. he has been on the list even when he wasn't president because we all know who was still running the show then. he's back up there with a bullet. he's been as high as two on this list. here is somebody who has a u.n. security council permanency, controls a huge oil and gas reserve, has a nuclear tipped army and wields his power very effectively. >> and loves to show his muscles. many times as possible. >> powerful in many ways. that's right. >> of late bill gates has been the rodney dangerfield
MSNBC
Nov 30, 2012 9:00am PST
tight with vice president joe biden. as the clock ticks down to the fiscal cliff, might lieutenant biden help avert disaster? sam, you talked to republican on the hill and there's a lot of back and forth about how good of a negotiator the president and his emissaries are. i've been wondering where joe biden is on this, given his experience on the hill and whether he might be a more effective ambassador in this back and forth that we are having. >> yeah. i think so. keep in mind, he and eric cantor had lengthy conversations when we were doing this in a different incarnation many months ago and so, you know, the framework was there between these two guys, not just that, between the respective staffs. the problem, if there was one with respect to biden, at least as i think, is that the -- if you do need an emissary on the hill for democrats, it's probably going to be with the house democratic caucus. by that i mean john boehner will at some point have to decide if he can get something done with all of his caucus or part of his caucus or house democrats. at that point you need nancy pelosi t
MSNBC
Dec 5, 2012 12:00pm PST
's fiscal cliff offer. he's right. we are better off stumbling down the slope like drunken fools than the republican offer out there. here to explain that and why a huge part of the talks making major changes to medicare may be totally unnecessary is jonathan cohn and joins us now. jon, i think that's a good place to start is this. itç seems like all of the discussions about medicare, in relation to the fiscal cliff or in general seems to have an ajumpgs a assumption it's a big program and in dire need for cutting and reform but there's a basic myth at work there of the efficiency of medicare. >> yeah. medicare is expensive. why are we going to have the big deficits? mostly because of medicare and medicaid. that's not medicare's fault. it's a very efficient program and run by the government. so it doesn't have a lot of overhead. it has enormous economies of scale and bargain for better rates of doctors and hospitals dictate prices so for what it provides, medicare's very cheap. it's getting expensive over time because a lot more people are going on to the program and in general the
MSNBC
Dec 4, 2012 11:00am PST
. in a new interview president obama says a deal to avoid the so-called fiscal cliff is still possible but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitle
FOX News
Dec 2, 2012 9:00am PST
weeks because he does not think the proposal to avoid a fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off the fiscal cliff. s
CNBC
Nov 29, 2012 4:00pm EST
much. >>> fiscal cliff negotiations spinning the markets up and down like a yo-yo. i'll get reaction next from real estate guru barry sternlicht. also, we'll discuss how he's putting his investment firm to work. wait until you hear what he has his sights set on. >>> and stick around for my exclusive interview with the chevron ceo. we'll talk about whether dividends are in the pipeline or a big acquisition on the horizon. >>> and is it time to kill the $1 billion? the case is being made today on why $1 coins make more sense. do they really? stick around for that heated debate comes up. you're watching "closing bell" on cnbc. we're back in a minute. at u.s. trust, our expertise extends well beyond investment advice and research analysis. it includes proprietary offerings like our eldercare program, which helps provide for those who came before you. and our financial empowerment program, which helps prepare those who come next. resources like these have made us the number-one trust company. that's why generations of families have come to us to help build their own legacies. [ male annou
CNN
Dec 2, 2012 3:00am PST
their message out about the fiscal cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. but when i was in an accident... on any new volkswagen. i was worried the health care system spoke
FOX Business
Dec 4, 2012 11:00am EST
on the fiscal cliff talks. a lot of analysts have been saying the buyers can start to stiffen at some of these technical levels. gold prices up about 9% so far this year. you could all facilities miner etf's. the gold miners etf, gd x, it is down a hefty 11% for the year. why hasn't it been tracking the price of gold? miners do better when gold prices go up. a lot of analysts are saying add this to your portfolio. this is the largest gold etf that actually buys the metal and stores it. you have been experiencing some of the 10% gains. it subtracts the price of the metal. the miners have not. here are a couple of examples. we will have more in the next hour. very, very low valued right now. very cheap stock. it is down double digits for the year. look at this year to date chart. underperforming the price of gold in a huge way. it's earning power still very strong. the recommendation is a buy rating right now. also, by the way, a new dividend, there are a lot of them here. we will take a look at ones that are valued the cheapest at this point. you can take advantage of the underperforma
FOX Business
Nov 29, 2012 6:00pm EST
that is dangerous because the fiscal cliff means a recession, nothing like the balanced plan that the administration plans to care about. an enormous tax increase to more wasteful stimulus, and as a boy from the notion that everyone should come to the table and compromise on behalf of the american people. >> this seems like stepping out the request. what do you make of this? opening negotiating gambit. >> i think it is disastrous for the american economy and says all the wrong signals to us signals to the market and international investors. also the demonstration of the sheer breathtaking arrogance of the obama presidency. this is a set of demands from an imperial white house. that simply is not open to any form of discussion at all according to these latest developments. this is a deeply worrying. the united states is on the edge of the economic abyss. the $16 trillion debt. so far there are no serious proposals whatsoever coming from the obama administration with regard to cutting this level of debt that the united states knows. america is heading for an economic catastrophe. it is a slow-moving s
MSNBC
Nov 30, 2012 6:00am PST
to a f fiscal cliff deal. what's the latest and is this posturing, kelly, or is this real? i mean, is this disagreement about kind of laying out the stakes of where everybody stands and what they're willing to give or is it a possibility that we don't get a deal? >> reporter: well, you do hear rumblings, chris, about no deal. but at the same time people are saying there's still some negotiating time left and a bit of optimism. when you heard the tone of what was unfolding yesterday, it was kind of shocking to republicans who would say that the president's offer is so far from a negotiating point that they are surprised not so much that these are the positions that we're in because much has been the president's public rhetoric but in terms of real negotiating they say they were surprised this wasn't the kind of offer that would have happened some weeks ago, meaning right after the election if you want to start there. but now with just four weeks to go they felt the president needed to move further. democrats believe these are the priorities that voters reinforced with their ballots
MSNBC
Dec 5, 2012 7:00am PST
all business today in washington, sitting down for a business roundtable, about the fiscal cliff, it's all part of an effort to keep the heat on republicans to cave on tax hikes for the wealthy in order to reach a deal but congressman boehner saying the person the president needs to be talking to is him, and doing so face-to-face, so who is standing in the way of compromise? we have a line-up of guests, debbie wasserman schultz, senator ben carden of maryland and former oklahoma congressman j.c. watts who is also being touted to take up a new job, rnc chairman, plus live coverage of the president's remarks straight ahe ahead. plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events i
CNN
Dec 6, 2012 6:00am PST
. amanda says i can't afford to go off a fiscal cliff. i'm cutting down in expenditures and gary says i'm prepared to get my passport and look for a new country. stick a fork in it.
FOX News
Dec 4, 2012 3:00am PST
carlson. the president shoots down the republican's offer on paper to avoid the fiscal cliff. but is it because it's a bad deal or is it because the president's favorite deal could be actually go over the cliff? we'll explore it. >> brian: prince william rushed to the hospital where his pregnant wife and future king or convening of england is located. a frightening rare health scare. she's experiencing right now. we're going to go live at that hospital. also talked to dr. siegle at the couch about what she's going through. >> steve: then they can fetch and roll over, but did you know dogs can drive? we've got the evidence. look at that. >> brian: i knew. >> steve: stick shift. "fox & friends" and fido for this tuesday, hour two starts right now. >> gretchen: good morning, everybody. if you missed the open of our 6:00 a.m. hour, i don't think we can top it exactly right now. unless somebody else wants to call brian and he wants to put his phone back -- >> brian: time of crisis of the control room supported me. gretchen cut me. and my favorite family called me. >> steve: this i
FOX Business
Nov 30, 2012 4:00pm EST
on the fiscal cliff but for whatever reason little more volatility in the market today. liz: he has been named one of the most influential people of the entire 20th century and going over the fiscal cliff will derail the biggest economic driver in the u.s. and that is biotech. mike milken talking about life-saving drugs, jobs that come with them and our status as the leader of the industry, all at stake if we go over the fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as concern over threats to supply due to mideast violence offset ongoing demand worries and personal spending, are you part of this, it sold for the first time in five months dropping 0.2%. the co
CNBC
Dec 6, 2012 5:00pm EST
and democrats will kick the can down the road. and, remember, the fiscal cliff is not really a cliff. even if we come to january 1st, it's more of a hill and they actually have a little bit more time than people are giving them credit for. and that's why i think the markets are not overreacting right now. >> there's this notion that you can go over the cliff and sort of go back, grandfather it in. but at the same time, for a company like general dynamics, at what point do you start getting concerned it will, in fact, at least impact that quarter? >> well, that's a good point. it certainly could impact the quarter if it goes for weeks or months, absolutely. and i think maybe even the bigger factor is i think you talked about it which is there will be volatility as we approach the cliff and go over the cliff. even if it's a few days or few weeks. there will be a lot of volatility in the markets. that could be buying opportunities for all of us that have some dry powder for which to deploy. we tend to be more long-term holders. we tend to buy stocks and hold them for years rather than weeks and mon
CNN
Dec 4, 2012 2:00am PST
there. >> also coming up, amazement and dismay. that's how fedex's ceo is describing the fiscal cliff crisis. i sat down with fred smith. hear what he has to say about he and other ceos are responding. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. in the dr
FOX News
Dec 2, 2012 3:00am PST
down the days to christmas. mom and dad, to count down the days until the fiscal cliff until we fall off of it in 30-days. in legislative language they have two weeks to carve out a deal. republicans or democrats miles apart. >> two weeks because they take christmas off. congress does. >> starting the 149. -- 14th. >> they got canceled. >> congress never really shied away from vacation time. they get on planes and get out there. president obama is blaming the republicans for this stalled proposal right now. listen to the president. >> if congress does nothing eerie familiar -- every family will see income taxes go up at the beginning of next year. a typical middle class family of four will see income taxes rise by $2,200. it's unacceptable for some republicans in congress to hold middle class tax cuts in hostage because they refuse to let tax rates go up on the wealthiest americans. >> congressman ted o says he finds the president's suggestion to congress basically laughable, because the president, you will remember during the campaign the 800 billion number was thrown around for new
CNN
Nov 30, 2012 1:00pm PST
the fiscal cliff, almost every major negotiation and battle as come down to president obama and house speaker john boehner. do you think it helps or hurts that key lawmakers like yourself seem to be left out of this deal making? >> well, i'm in constant consultation with secretary geithner, with the white house, and meeting with congress, and the chairman of the house, meet with reed very off. there's a lot of conversations going on where i gave my views, and learn, and so there are more people involved. >> now this is really coming down to, as is no surprise, the issue of tax rates, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over it. if we don't go over,'re enteri
MSNBC
Nov 30, 2012 8:00am PST
, and mitch mcconnell laughs, and boehner says it's terrible. there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you're bragging about the fact that you kept the house. good. show us your offer. put down your offer. now, here's my view on this. and it is the same as the president's in this respect. rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is done. it's in a package. it's sitting at our desk. and all that has to happen is for the house to take it up. the only reason they're not taking it up is they want millionaires and billionaires to get their taxes cut, too. and this was a big issue in the campaign, thomas. so why don't we, instead of throwing insults, why don't they just pick up and pass that part as their own republican, tom cole suggested, let's have some good faith here, and we'll hammer out the rest of it. >> so senator, one thing you say about show me the money, if we ta
CNBC
Nov 30, 2012 9:00am EST
about the fiscal cliff not working, it's a mess, it's never going to happen and then you wake up and you're down 15 points monday morning. that's a problem figuring out what to do over the weekend. it could go the other way. generally it's a little bit more on the gloomy side. then you have the problem with december. we're going into the last month. today is the last day of november. people are behind the curve. a shocking number of people i spoke to are below whatever their benchmark is. do you lighten up? do you stay long what you got? it's hard to maneuver around because you need to get outperformance. you need to get alpha in the month of december and a lot of guys that's in short supply right now. there's tough decisions that have to be made in the next couple of days. meantime, we saw futures weaken as we got some of the personal spending and personal income data and personal spending weaker than expected. even accounting for sandy, consumers looking iffy. that's impacting thinking as well. did you see what happened in japan overnight? everybody in japan has become a stimulus guru.
FOX News
Dec 3, 2012 8:00am PST
and negotiators sort of sit down and workout some of the road bumps here to avert the fiscal cliff. and they don't see campaign rallies, or campaign maneuvers as the way to do that. that being said i think the white house has set out its course here. i think you'll see something a lot different in the fiscal cliff negotiations from the white house than you saw in say the government shut down negotiations a year ago. you are going to see a much more campaigning, much more campaign-like president obama in the next month. jon: you know, some sort of even partial -- neutral observers are saying that the obama campaign won in part because they did a much better job of harnessing the power of social media in this election and driving their voters to the polls. if that succeeded for them in the election, can they do it when it comes to governing? can they make the country, you know, embrace tax increases, for instance. >> yeah it's a huge question. i think there are folks who think that it can work the same way. there are a lot of others who really question whether or not those sorts of tactics, and, y
MSNBC
Nov 29, 2012 3:00am PST
's extend the fiscal cliff for six months and then get serious. nobody seems to want to do that. everybody wants at least a down payment, at least an agreement on the outlines of a tax program and a program on spending and then maybe they would give it more time to finish. >> we're still kicking the can down the road. you're absolutely right. you're going to get a short. term, let's get through the first quarter of 2013-type solution. but the reality of dealing with this economy, its debt, it's deficit, spending priorities and all of that is not going to get done in the next five weeks. so let's be honest about that. i agree with you. i think that they're going to come to a short-term stopgap solution that deals with the cliff, that deals with the bush tax cuts that expire, that deal with the increase in unemployment rate that's due to hit in january. they'll deal with those short-term things, but the long-term systemic substantive points that need to be addressed will not get addressed in the next four weeks. >> steve, how would you markets respond if they decide we'll have a short-term f
CNBC
Dec 6, 2012 9:00am EST
was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now. it's bad. >> you know what we have going for us? the grid, december 17 announced -- on a seasonal basis, they have reiterated once again that it doesn't have the demand to be sold year round, but starting a week from monday. >> i don't buy that. i think they do it because whenever they have mcrib, they're just fighting traffic for mcrib. there are places in the world where the mcrib is on the menu all the time. in case you're there on your vacation. >> i'm learning here all the time. i'm always learning. >> switch from the bacon cheese-inator. [ bell rings ] . >> celebrating the ground breaking of hotels in new york. we'll be speaking to the ceo in this hour. >> whitehorse is an interesting story. >> white house, delayed over at the nasdaq, the new york stock exchange puts out a release reiterating 16 companies have announced or moved to the big board so for this year. you're starting to wonder who
MSNBC
Dec 5, 2012 1:00pm PST
cliff. the president is john boehner are facing off for what couldçe a down to the wire nail-biter of a fiscal fight. indeed, the stakes are so high, the pressure so intense, that the house is calling it quits for the week. giving themselves another much deserved break. of course, not before demanding action from the president. >> where are the specifics? where are the discussions? nothing is going on, so we asked the president, sit down with us. >> i'll be here, i'll be available at any moment to sit down with the president to get serious about solving this problem. >> of course the speaker had to clarify that since the house is not back in session till tuesday. leaving just three days on the legislative calendar to get a deal. don't work too hard, guys. the president began his day meeting with business leaders a suring them he passionately roots for their success. even as he broke the news face to face that their taxes are going up. >>. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in in way that will affect your spending, lifes
CNN
Dec 6, 2012 2:00am PST
in these fiscal cliff negotiations, treasury secretary, timothy geithner, really doubled down on that yesterday in an interview with cnbc when he was asked if the administration was ready to go over the fiscal cliff, if republicans do not give on this tax issue. listen to what he said. >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest -- remember, it's only 2%. >> john boehner, though, remaining firm in his position, though he says he's already giving, because they're acknowledging that revenue will go up in taxes through the way that they would like to see taxes go up, even though they don't want to see taxes go up, through closing loopholes and eliminating deductions. john boehner acknowledges that revenue is going to be part of this deal, but they are standing firm on, they will not agree to at this point to raising tax rates on anyone. so either way, the major issue remains. the major issue, the major hurdle remains the tax rate issue. >> right, right. and meantime it's ticktock, right? and the house is ou
CNN
Dec 1, 2012 4:00am PST
a deal on that fiscal cliff. just 31 days left until we hit those $7 trillion in automatic spending cuts and tax increases, if negotiations break down. both sides of the aisle are going straight to the public in order to plead their case or tell us why the other side is to blame. this is president obama a in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress send it my way. but, it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes that hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of the aisle are advocating a disastrous thelma and louise strategy that would take us over t
CNN
Dec 6, 2012 4:00am PST
get hit in the early part of the area if we go over the fiscal cliff, but the fundamentals of the economy are still good. >>> all right. apple stock dropped more than 6% yesterday. shares were down about half a percent in pre-market trading this morning. no concrete news pushing them down, but today there's another hearing in the patent case with samsung in california. and a tech research report generatored a lot of buzz that apple's tablet competitors could eat into its market share. >> interesting. >> thanks, christine. >>> well, the good news is, let's do the fiscal cliff and the good news. and it's not very much. but at least the two sides are talking, by phone. not face to face. house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could, of course, face massive tax hikes, spending cuts. that's what the fiscal cliff is all about
CNBC
Dec 3, 2012 3:00pm EST
point. >> companies are getting more concerned about the fiscal cliff. in fact, you won't believe how many are mentioning in their s.e.c. filings. >>> will the housing comeback fall off the cliff if we don't get our fiscal house in order by the end of the year? the ceo of prudential joins us later. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. >>> how important is the fiscal cliff to the companies in your portfolio? apparently the answer is very. the blog footnoted counted 279 mentions of the fiscal cliff in s.e.c. filings for the month of november. that compares to 120 mentions of the fiscal cliff in october. there were none last year at this time, by the way. the first time i ever heard the fiscal cliff, first person i heard mention it, you, back in february. i'm wondering, what the heck is she talking about? >> it was in my bedtime reading. obviousl
ABC
Dec 2, 2012 4:00am PST
. >> pretty definite. all right, ron. >> thank you, ron. >>> we'll turn now to if fiscal cliff, 30 days from an economy-crippling deadline. yet talks seem to be going nowhere. treasury secretary timothy geithner will be the guest on "this week" with george stephanopoulos. >> last weekend, you sat right here and you said you were reasonably optimistic that a deal could be afoot. in the intervening week, lot of trash-talking from both sides, can we still be somewhat hopeful? >> this week was a rough week in these negotiations. treasury secretary geithner when he went up to capitol hill, mitch mcconnell laughed when they got the offer from geithner. house speaker boehner said that the talks are at a stalemate. democrats said they're not going to make another move until republicans say they're going to go for an increase in tax rates. so, this is stalemate right now. now, these things always look horrible when they come together. more and more voices say, this is going to go over the fiscal cliff at least for a few days in january. >> if we go over the fiscal cliff, voters will likely blame the
MSNBC
Dec 6, 2012 9:00am PST
of the discussions of the fiscal cliff, the white house is focused solely on cuts for top earners. almost no discussion of unemployment insurance and payroll taxes, the farm bill which would include the price of milk and food stamps on a broader level. at what point do these become sticking points in the negotiation? >> reporter: they're going to become sticking points and probably before the end of the year, because remember there are a couple of things going on. if the president gets a deal on rates, republicans are going to be less inclined to go along with some of the other things, like extended unemployment insurance and some sort of extension perhaps in different form of the payroll tax cut. but also to avoid the sequestration, the congress has got to find some way to have cuts in the interim. if they kick the can down the road they have to have month by month cuts. the farm bill, talking $10 billion a month to in effect buy off the sequestration while they negotiate, the farm bill if you take the senate bill, $23 billion in subsidies cut overall, $4 billion as mentioned from food s
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